Property Map
Street View
Courtesy of Malin P Kansal, Golden Gate Sotheby’s International Realty.
Description
Opportunity Knocks! PRICE DROP !!! Distinctive 34-unit with full basement, building with pride of ownership and great tenant profile. This mixed-use South of Market property combines opportunity + upside. Commercial Units NOW FULLY LEASED! An attractive option for investors looking for a balanced steady income producing asset. 32 Residential Dorm-Style Single Room Occupancy (SRO) Units. Most rooms upgraded w/tons of opportunity for additional upgrades. Three floors of units – each floor is complete with shared bathroom and showers. 2 commercial units: Commercial Unit (#66) Leased to Thrasher Skateboard Company, $200k in Upgrades. Commercial Unit (#68) Leased to corner grocery store business, $400k in Upgrades including ADA Compliant Bathroom. Full Basement (Vacant) with usage TBD. Excellent standard of building maintenance. Also well managed. Great addition to any property portfolio. A true must-see. Don’t miss this opportunity! CAP Rate NOW 4.72% and GRM NOW 14.20 ; Pro Forma CAP Rate 8.51 and GRM 9.27 Dynamic SoMa Location on 6th! Corner building near downtown. Shopping, BART, MUNI, Cafes, Restaurants, Night Spots, Social Services all here. Immersed in many NEW buildings and neighborhood features. Opportunity to create a trophy building.
Property Details and Features
Listing
- Source: San Francisco
Bathrooms
- 11 bathrooms
Building
- 8,712 square feet
- Built in 1910
- 34 total rooms
- Mid-Rise (4-8)
Location
- Area: SF District 9
- County: San Francisco
Lot
- 2,400 square feet
Property
- Property subtype 1: Tenancy in Common